Monday, August 18, 2003

Slow workday, man.

Checking out the news at the Mises Institute blog, I came upon this thing of beauty by Dwight Lee:

True, the notion that better outcomes are best achieved by better people easily leads to the highly dubious (and typically racist) conclusion that developed societies are populated by better people. And those who consider themselves socially concerned and informed would never accept this conclusion if stated directly. But it seems to be difficult for them to admit that the economists' emphasis on better incentives, instead of better people, serves as a barrier to racist conclusions.

Lee, I know, writes quite a bit for Ideas on Liberty, the Foundation for Economic Education's magazine.

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